PUNE, India, July 21, 2016 /PRNewswire/ --
According to a new market research report "Modular Data Center Market by Functional Module Solution (All-In-One Modules, and Individual Modules), Service (Consulting, Integration and Deployment, and Infrastructure Management), Deployment Size, Vertical & Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 10.34 Billion in 2016 to USD 38.30 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 29.94%.
Browse 61 market data Tables and 46 Figures spread through 155 Pages and in-depth TOC on "Modular Data Center Market"
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The major forces driving the Modular Data Center Market include the high adoption of data centers with low Power Usage Effectiveness (PUE) across various organizations, need to reduce operational expenditure, increased data center flexibility and scalability, and increased need for portable and containerized data centers. The Modular Data Center Market is growing rapidly because of the increasing number of users opting for high-performance and energy efficient data centers.
"Individual functional module to grow at the highest CAGR"
The market by functional module solution has been segmented into all-in-one functional module and individual functional module. Individual functional module is expected to witness the highest CAGR during the period 2016 to 2021. This solution facilitates provisioning of modular data center comprising separate modules for IT space, mechanical, and electrical use. It provides the flexibility needed by data center users through provisioning of separate modules on demand and also enables deployment of custom-made solutions to customers. These benefits are driving the market and are expected to help in propelling the Modular Data Center Market at the highest CAGR during the forecast period.
"Infrastructure management services segment expected to grow at the highest rate during the forecast period"
The market by service has been segmented into consulting, integration & deployment, and infrastructure management. Infrastructure management are expected to grow at the highest CAGR over the forecast period owing to the rapid adoption of modular data center solutions in large enterprises, which require third-party assistance for infrastructure management of the modular data center infrastructure.
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North America is expected to dominate the Modular Data Center Market during the forecast period
The Modular Data Center Market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest share of the Modular Data Center Market in 2016 due to the technological advancements and early adoption of modular data center across a large number of verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing data center traffic and growing need for rapidly deployable data centers in various industries in the APAC countries, especially India, China, and Japan.
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Huawei Technologies Co., LTD. (China), Hewlett-Packard Enterprise Development LP (U.S.), IBM Corporation (U.S.), Schneider Electric SE (France), Dell, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Emerson Electric Co. (U.S.), Commscope, Inc. (U.S.), Cannon Technologies, Ltd. (U.K.), and Rittal GmbH & Co. KG (Germany).
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